Consumer ABS

Chase Bank plans to issue a new $500 million credit card receivables securitization from Chase Issuance Trust, according to a deal prospectus filed with the US Securities and Exchange Commission.

Higher residual values can amplify the losses to ABS transactions if used vehicle prices were to decline sharply, according to a Moody’s Investor Service report.

Several auto loan securitizations priced this week. Ford Motor Credit Company’s FORDL 2013-B priced on Wednesday.

The final scope of regulations governing securitization in Europe will shape the future of the industry, according to a report released today by Standard & Poor’s.

Discover Bank priced $750 million of bonds backed by credit card receivables over two series of notes.

The deal, Credit Acceptance Auto Loan Trust 2013-2 is the issuer’s second securitization in 2013.

A pack of auto-related securitizations totaling over $4 billion are heading for the market, according to pre-sale reports from Fitch Ratings.

JP Morgan is lead manager on the deal, World Omni Automobile Lease Securitization Trust 2013-B.

Banque PSA Finance, a fully owned subsidiary of Peugeot S.A. is marketing its third German auto lease securitization.

First National Bank of Omaha is planning to issue a $328.95 million bank credit card ABS through its First Bankcard Master Trust.